Tether, in collaboration with the Georgian government, has announced the launch of GEL₮, a stablecoin pegged to the Georgian lari. This initiative represents a pioneering effort to integrate a national currency into the digital asset ecosystem under a dedicated regulatory framework for stablecoins. GEL₮ aims to facilitate lower transaction costs, near-instant settlements, and programmable payments, enhancing the efficiency of digital financial systems. The project is expected to bolster fintech development and digital payments, providing broader access to programmable financial infrastructure in Georgia and potentially beyond. Georgian Prime Minister Irakli Kobakhidze emphasized the strategic partnership with Tether as a step towards a more interconnected and transparent financial landscape. Tether CEO Paolo Ardoino highlighted the growing role of stablecoins in the global financial infrastructure, noting Georgia's leadership in establishing a robust regulatory environment for digital assets.